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Under Armour forecasts a 6-7% drop in Q2 revenues, citing inflation and tariffs as key factors.
Under Armour forecasted a 6-7% drop in second-quarter revenues, impacting its stock price negatively.
The decrease is attributed to high inflation and tariff uncertainties in North America, with plans to raise prices possibly hurting demand further.
The company also reported a 4% revenue decline in the first quarter of fiscal 2026, with a net loss of $3 million.
Under Armour is facing challenges in its business recovery amid fluctuating trade policies and macroeconomic issues.
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Under Armour pronostica una caída del 6-7% en los ingresos del segundo trimestre, citando la inflación y los aranceles como factores clave.